Ellah Lakes reschedules Annual General Meeting (AGM) to November 22.

Ellah Lakes Plc has notified shareholders and the general public, of a change in the date of its forthcoming Annual General Meeting (AGM) earlier scheduled to hold on 8th of October, 2021.

According to a notice issued by the company dated 5th of October, 2021 and filed with the Nigerian Exchange Limited (NGX), the AGM will now hold on Monday, 22nd of November, 2021 at 11:00 am prompt.

The company had earlier disclosed that the forth coming AGM was scheduled to consider the proposed listing of the company shares on the London Stock Exchange (LSE) and approve its audited financial statements for the year ended July 31, 2021, among other topical issues.

Consequently, the date for the closure of its register and transfer books was moved from an initial dates of September 20-24, 2021 (with both dates inclusive) to November 8-12, 2021 (both dates inclusive).

What you should know:

  • Ellah Lakes Plc opened trading today 8th of October, 2021 with a share price of N4.25 on the floor of the Nigerian Exchange Limited (NGX).

See link to recent disclosure.

BUA Cement Plc announces board meeting, closed period ahead of Q3 2021 results.

The Board of Directors of BUA Cement Plc has scheduled to meet on Thursday, 21st of October 2021, to consider amongst other matters, the unaudited financial statements for the third quarter of the year ended September 30, 2021.

This is according to a notice signed by the company’s secretary, Ahmed Aliyu, and filed with the Nigerian Exchange Limited (NGX).

In compliance with the post listing requirements of the Nigerian Exchange Limited for listed Companies, BUA Cement Plc also announced that it has commenced a closed period for trading in its shares since October 1st, 2021. The closed period will last until 24 hours after the financial results have been released to the NGX and made public.

Accordingly, no Director, Manager and other related and interested parties privileged to have sensitive information, which may materially affect the price of the securities of the Company, and persons connected to them may directly or indirectly deal in the shares of the Company

 

For more information about the disclosure, click HERE.

Berger Paints Nigeria Plc: Notice of Board Meeting/Closed Period.

Berger Paints Nigeria Plc has notified its shareholders, the investing public and other relevant stakeholders that it will be hosting a Board of Directors Meeting on Thursday, October 28, 2021.

This is according to a notice signed by the company’s secretary, Ayokunle Ayoko, and filed with the Nigerian Exchange Limited (NGX).

According to the notice, the board meeting is scheduled to enable the Directors review and approve the company’s unaudited financial accounts for the third quarter ended 30th of September, 2021.

In line with the statutory provisions of the NGX, the company disclosed that it had already commenced a closed period from October 1, 2021. The closed period will last until 24 hours after the financial results have been released to the NGX and made public.

During the closed period, all insiders and their connected persons are prohibited from trading (i.e. buying, selling, transferring or otherwise dealing) in the company’s shares.

 

For more information about the disclosure, click HERE.

 

Dangote cement announces board meeting, closed period.

Dangote Cement Plc has notified shareholders and the investing public of its forthcoming Board of Directors meeting scheduled to hold on October 28, 2021.

This is according to a notice signed by the company’s secretary, Edward Imoedemhe, and filed with the Nigerian Exchange Limited (NGX).

According to the disclosure, the meeting is scheduled to enable Board members discuss matters affecting the company, including finalizing steps for the release of its financial statements.

Consequently, the company announced that it will be observing a closed period from October 1, 2021, until twenty-four (24) hours after the financial statements and details of the meeting are published via the NGX Issuers’ portal.

During the closed period, insiders and their connected persons are prohibited from either buying or selling the company’s shares.

For more information about the disclosure, click HERE.

Japaul Gold and Ventures Plc reports a loss after tax of N257.5 million in HY 2021

Japaul Gold and Ventures Plc released its financial results for the half year period ended 30th of June, 2021.

  • Turnover for the period was N313.6 million. (-4.1% YoY)
  • Cost of sales was N221.9 million. (+27.9% YoY)
  • Administrative costs totalled N408.4 million. (-11% YoY)
  • An operating loss of N256.8 million was incurred during the period.
  • Loss for the year from continued operations was N257.5 million.
  • Net assets during the period stood at N2.56 billion.

See link to results.

 

2021 H1 Results: Japaul Gold and Ventures Plc reports half year loss of N257.54 million.

Japaul Gold and Ventures Plc released its unaudited financial results for the period ended June 30, 2021.

  • Turnover for the period was N313.62 million. (-4.1% YoY)
  • Cost of sales was N221.9 million. (+27.9% YoY)
  • Administrative cost of N408.4 million. (-11% YoY)
  • An operating loss of N256.8 million was incurred.
  • Net assets during the period stood at N2.56 billion.
  • Loss for the year from continued operations of N257.54 million.(-772.6% YoY)

See link to results.

Dangote Cement appoints Philip Mathew as Deputy Managing Director.

Dangote Cement, a leading cement manufacturer in Africa, has announced the appointment of Mr. Philip Mathew as its new Deputy Group Managing Director/Chief Executive Officer with effect from September 15, 2021.

This was disclosed by the company in a statement signed by its secretary, Edward Imoedemhe, and made available on the website of the Nigerian Exchange Limited (NGX).

About Mr. Mathew

Mr. Philip Mathew is a professional with 34 years of working experience in large global and regional cement industries and has been involved in project management from feasibility to commissioning and stabilization.

He has worked with multicultural teams in different countries and held several roles, including Process Engineer, Optimisation Manager, Plant Manager, Technical Director, Director Performance and Progress, Chief Manufacturing Officer, and recently, Head of Cement Excellence Manufacturing for the AsiaPacific region; defining the strategic goals and ambitions for cement manufacturing at regional level for a global cement company.

As at the period of reporting this, Dangote Cement currently trades at N241.9 on the floor of the Nigerian Exchange Limited (NGX).

For more information about the appointment, click HERE.

Japaul Gold & Ventures Plc: Notice of Board Meeting.

Japaul Gold & Ventures Plc has announced that it will be hosting a Virtual Board of Directors Meeting via Zoom Platform on the 14th day of September, 2021 by 10:00am.

This is according to a disclosure signed by the company’s secretary, Michael Edeko, and sent to the Nigerian Exchange Limited (NGX).

According to the notice, the meeting will enable the Board Directors to receive and consider the company’s financial statement for the period ended 30th of June, 2021. Decisions reached at the meeting will be subsequently communicated.

In addition, the firm also announced a closed period from 1st of July, 2021 until 24 hours after the company’s financial statement and outcome of the board meeting have been made public in line with the Rulebook of the Nigerian Exchange Limited.

In the closed period, insiders with material information that could influence the share price, comprising of directors, managers, employees, advisers, consultants, etc., and their connected persons are prohibited from directly or indirectly dealing in the securities of the company

Here is a link to the notice.

Cutix Plc grows profit after tax by 5% to N137.02 million in Q1 2021.

Cutix Plc released its unaudited financial results for the first quarter of the year ended 31st of July, 2021.

  • Revenue for the period was N1.86 billion. (+25.3% YoY)
  • Cost of sales was N1.39 billion. (+27.6% YoY)
  • Administrative expenses totalled N188 million. (+44.5% YoY)
  • An operating profit of N234.97 million was declared.
  • Profit for the period was N137.02 million. (+5% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Golden Guinea Breweries Plc announces death of its Managing Director, Ifeanyi Idika.

Golden Guinea Breweries Plc has announced the death of its Managing Director, Mr Ifeanyi Godfrey Idika, who passed away after a brief illness.

His death was confirmed in a press statement that was signed by the company’s secretary, Udo Ogaranya, and made available on the website of the Nigerian Exchange Limited (NGX).

An excerpts of the recent press statement read: ‘’Golden Guinea Breweries Plc. (the Company) wishes to inform its shareholders about the demise of its Managing Director, Mr Ifeanyi Godfrey Idika. He died on Tuesday, 10th August, 2021 in Umuahia, Abia State.’’

Consequently, in a bid to fill the void created by the sudden demise, the Board of Directors appointed Engr. Okechi N. Ndukwe as Acting Managing Director of the company. According to the notice, Engr. Ndukwe has been with the company for many years, occupying key positions such as the Technical Director.

What you should know about late Mr Idika

Mr Ifeanyi G. Idika is a seasoned Brewer and Manager. He was previously the Managing Director of Vitamalt Plc and served on the Board of Lawsons Corporation. He is a product of Kings College, the University of Lagos and the Graduate School of Business Administration of Harvard University, Boston USA. The late Mr Idika had extensive training attachments with various international brewing groups like the Whitbread Group in the UK, the Pripps Group in Sweden, the Stella Artois Group in Belgium and the Cerekem Group in Denmark.

Mr. Idika was appointed as Managing Director of Golden Guinea Breweries Plc on June, 2018. He is survived by his wife and children.

May his gentle soul rest in perfect peace.